Market study transformation real estate
The topic of "transformation real estate" has become more explosive due to major upheavals in retail. Shopping centres, department stores and commercial buildings have been severely affected by digitalisation, including online retail, and the resulting changes in customer preferences in terms of their utilisation structure. bulwiengesa and Union Investment have taken this circumstance and the increasing ESG requirements as an opportunity to prepare a joint study on this topic.
In this study, the market for transformational real estate is examined and, based on numerous interviews with market participants, conclusions are drawn about planning processes, types of use, communication and costs. Case studies illustrate numerous statements at the end of the study. In addition to a definition, the study also elaborates causes and backgrounds, the relevance to the real estate industry as well as challenges and opportunities of transformation properties.
The study (PDF) can be requested free of charge via the Union Investment website.